A matching model will explain both unemployment and economic growth by considering the underground sector and human … ambiguous relationships between underground employment and unemployment, and (iii) between growth and unemployment. Key … low, underground employment alleviates unemployment, but the economy grows at lower rates. …

A matching model will explain both unemployment and economic growth by considering the underground sector and human … ambiguous relationships between underground employment and unemployment, and (iii) between growth and unemployment. Key … low, underground employment alleviates unemployment, but the economy grows at lower rates. …

A matching model will explain both unemployment and economic growth by considering the underground sector. Three … between underground employment and unemployment, and (iii) between growth and unemployment. Key assumptions are that … contribute to growth. Underground employment alleviates unemployment only if the monitoring rate is sufficiently low. …

Economic growth and unemployment exhibit an ambiguous relationship – according to empirical studies. This ambiguity can …, unemployment may be absorbed by underground firms, which adopt backward technology, at the cost of reduced economic growth …. Alternatively, unemployment diminishes because productivity grows by employing workers who prefer to become skilled, and thus not to …

A matching model will explain both unemployment and economic growth by considering the underground sector. Three … between underground employment and unemployment, and (iii) between growth and unemployment. The key assumptions adopted are … underground firms, employ unskilled labour, and do not contribute to growth. Underground employment alleviates unemployment only …

This paper develops a search and matching model of equilibrium unemployment, with on-the-job search, extended to both … the informal sector and entrepreneurship. Three are the key features of this model: the entrepreneurial ability affects … large, an increase in labour market tightness increases the unemployment rate and then the ‘vacancies-unemployment …

employment, informal employment, unemployment, and nonparticipation. We compute the contribution of each transition rate to … fluctuations in unemployment and informality rates. We identify five stylized facts: (i) Nearly 40% of the fluctuations in the … unemployment rate involves unemployment ins and outs from/to informal jobs. (ii) More than 40% of the fluctuations in informality …

employment, informal employment, unemployment, and nonparticipation. We compute the contribution of each transition rate to … fluctuations in unemployment and informality rates. We identify five stylized facts: (i) Nearly 40% of the fluctuations in the … unemployment rate involves unemployment ins and outs from/to informal jobs. (ii) More than 40% of the fluctuations in informality …